Share Name Share Symbol Market Type Share ISIN Share Description
Mckay Securities Plc LSE:MCKS London Ordinary Share GB0005522007 ORD 20P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 195.50 0.00 12:44:26
Bid Price Offer Price High Price Low Price Open Price
192.00 195.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 29.30 9.49 8.59 22.8 183
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 195.50 GBX

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Date Time Title Posts
17/9/202009:43MCKS with charts846
28/4/200912:23McKay Securities - Great Yield and Solid Uptrend590

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Mckay Securities (MCKS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-09-23 15:35:26195.5035.87UT
2020-09-23 15:21:49197.0011.97AT
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Mckay Securities (MCKS) Top Chat Posts

Mckay Securities Daily Update: Mckay Securities Plc is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker MCKS. The last closing price for Mckay Securities was 195.50p.
Mckay Securities Plc has a 4 week average price of 181.50p and a 12 week average price of 173p.
The 1 year high share price is 286p while the 1 year low share price is currently 136p.
There are currently 93,808,450 shares in issue and the average daily traded volume is 17,073 shares. The market capitalisation of Mckay Securities Plc is £183,395,519.75.
nickrl: Goldman Sachs have shown there hand at 7.39. Thames River control 19.62% through direct and indirect holdings and haven't materially changed for a few months. All must be off market as share price just drifts along. Cant see any material change as the directors are big owners so quite happy with there lot.
ntv: weakening Land share price plus i was plus 6, so happy with that property share prices don't very often move in large percentage terms so a profit is a profit. better to trade than hold property shares in the current climate
sleepy: Alan - thank you. Will be interesting to see if the share price holds Friday's level. Very poor that, small shareholders have no indications of the level of future dividends. Did placees commit £80 million without any information on that?
topvest: Thanks Jimbo - they would really help the share price if they explained this in plain english. I think my view is that there is unlikely to be any early close out. In which case all is fine and these are a buy when the opportunity arises. If there is a chance that the bank could demand cash it definitely makes you think twice about adding to your holding. Surely they could make it clearer!
jimbo3352: An encouraging set of results. Yes the fair value adjustment of the swap both in the company and its associate has almost wiped out the profit but the investment property values have been resilient, the void rate is down markedly, the ltv has improved and epra net asset value has increased. As scburbs has pointed out the accumulated fair value of the swap liability wipes out the surplus of epra net asset value over the share price. Personally I take a more optimistic view: interest rates have another 3 years to rise before the counterparty can exercise a break with payment in 2016. Break clauses are usually inserted to cover the risk of deterioration in credit risk which does not apply here. Even if the counterparty were to collapse the swap, the liability would I believe normally be calculated by reference to the fixed interest rate available to MCKS in 2016. In other words,even if MCKS suffered a break cost they should able to lock into a new lower fixed rate in 2016 and, when interest rates rise, enjoy the benefit.
coolen: The trouble with department store Beale is that Perloff is just after the property assets although I suspect he may have a bidder lined up for the retail, ie. viewing Beale as a potential break-up situation. Heaven knows why he bid 36p a share, although it has given him a foot in the door and, yes, nav is twice the present share price, in theory. MCKS looks more straightforward in that I suspect Perloff feels it is just too cheap. Having how got a stake, he may feel he has an option to offer McKay cash if they ever need finance on the cheap through an equity issue. Chart looks interesting too, I would guess, if it nudges up just a few coppers more.
jonwig: IC has an article featuring eight small property companies for their yields: Their out-and-out pick is redefine International [RDI] which at first sight looks a basket case, but who knows? MCKS is in the list. Nothing new said, but the consensus here is supported: McKay (Fairly priced, 119p, 23 Nov 2011) has had a busy few months and the share price has risen accordingly. Crucially, it managed to re-let a refurbished office at Blackfriars at a good rent (although still less than the previous occupier, Lloyds, was paying). It has also extended a lease to the Student Loans Company for a Glasgow office and bought a high-yielding office near Farnborough that's ripe for conversion to housing. The company has limited rental growth prospects, but its big dividends look increasingly secure. The shares trade on a big discount to book value if you strip out the effect of a troublesome portfolio of interest-rate hedges.
crawford: Very good share price appreciation here recently.
ammons: Hello SKYSHIP. This is what you wrote about MCKS on 14 January, "Personally I'm out of them all other than PSPI & one-third of my former holding in MCKS. Property will be great again sometime; but for the moment the rises have been completed & the momentum has gone." We are now two weeks on without much change in the MCKS share price and you've decided to buy MCKS again. What has happened in the last two weeks to make you change your mind so quickly?
Mckay Securities share price data is direct from the London Stock Exchange
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